Fonterra’s domestic milk products boss resigns effective immediately

The head of Fonterra’s New Zealand milk products business resigned yesterday. No reason was given for the resignation of Gary Romano, which took immediate effect.

However, it came less than two weeks after Fonterra announced that a single raw ingredient it produces — a concentrated whey product — could contain bacteria linked to botulism.

The huge co-operative has an annual turnover of almost NZ$20bn and has customers in over 100 countries.